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I think I did part 1 and 2 right. Can you please help me with part 3 and 4? Required information [The following information applies

I think I did part 1 and 2 right. Can you please help me with part 3 and 4?

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Required information [The following information applies to the questions displayed below.) The following information for the year ended December 31, 2016, was reported by Nice Bite, Inc. Accounts Payable Accounts Receivable Cash (balance on January 1, 2016) Cash (balance on December 31, 2016) Common Stock Dividends Equipment Income Tax Expense Interest Expense Inventory Notes Payable Prepaid Rent Office Expense Retained Earnings (beginning) Salaries and Wages Expense Service Revenue Utilities Expense Salaries and Wages Payable $ 48,000 25,800 99,400 86,000 155,000 0 139,700 10,400 29,800 17,500 26,900 7,300 14,600 7,800 36,000 143,800 25, 400 11,000 Other cash flow information: Cash from issuing common stock Cash paid to reacquire common stock Cash paid for income taxes Cash paid to purchase long-term assets Cash paid to suppliers and employees Cash received from customers $ 24,000 26,900 11,300 55,400 86,800 143,000 1. Prepare an income statement for 2016. NICE BITE, INC. + Income Statement For the Year Ended December 31, 2016 Revenues Service Revenue $ 143,800 Total Revenues 143,800 Expenses Office Expense Income Tax Expense Interest Expense 14,600 10,400 29,800 Dividends 0 Utilities Expense Salaries and Wages Expense Total Expenses Net Income 25,400 11,000 91,200 52,600 $ 2. Prepare a statement of retained earnings for 2016. NICE BITE, INC. Statement of Retained Earnings For the Year Ended December 31, 2016 Retained Earnings, January 1, 2016 $ Add: Net Income Retained Earnings, Decemeber 31, 2016 $ 7,800 52,600 60,400 3. Prepare a balance sheet for 2016. NICE BITE, INC. Balance Sheet For the Year Ended December 31, 2016 Assets Cash 86,000 Accounts Receivable 25,800 17,500 Inventory Prepaid Rent 7,300 Total Current Assets $ 136,600 Text Current Liabilities Equipment 0 0 0 4. Prepare a statement of cash flows for 2016. (Cash outflows should be entered as negative amounts. NICE BITE, INC. Statement of Cash Flows For the Year Ended December 31, 2016 Cash Flows from Operating Activities $ 0 Cash Flows from Investing Activities Cash Flows from Financing Activities 0 $ 0

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